Unit Trust FAQ

What is a unit trust?

A unit trust refers to an investment portfolio that is managed as a Collective Investment Scheme and divided into equal parts or ‘units’. Unit trust investors therefore buy units of the portfolio, with each unit representing a proportionate share of all the assets underlying the portfolio. The unit trust price reflects the current market value of the underlying assets, divided by the number of units in issue. The unit trust vehicle is appropriate for if you want to invest discretionary (non-retirement) savings...

Can I make regular monthly contributions via debit order?

Yes, you can make regular monthly contributions via debit order. The minimum debit order is R1 000.

What happens in the case of a unit trust investor’s death?

Your unit trust investment falls into your deceased estate, and may therefore be subject to Estate Duty. On receipt of the prescribed death notification, 10X will only act on the instructions received...

What is the cost of the 10X Unit Trust?

The cost of the 10X Unit Trust is 0,50% (plus VAT).There is no initial fee.There is no administration fee.There is no termination or unit trust exit fee.On your instruction, we will pay an advice fee...

What reports can I expect from the 10X Unit Trust?

Investment report: This is published online every month and details the investment returns of the 10X Unit Trust and the asset class benchmarks (equities, bonds, property and cash).Investor portal: Th...

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